March 23, 2005
From the desk of Jane Galt:Climbing the summit
You may not have been paying attention over in the states, but EU leaders just met for a two-day economic summit. They got a lot done--unfortunately, mostly the wrong things.
Posted by Jane Galt at March 23, 2005 12:37 PM | TrackBack | Technorati inbound links“Old Europe’s” insistence on socialist-light policies will ensure that its economic impotence continues.
…yea, free markets have crippled the US.
Europe is terribly far behind the U.S. in dealing with the economic consequences of low birthrates. It's not just the big things such as pension and welfare system reforms. It's also the million little (and big like the services directive) wrong headed regulatory decisions.
Europe needs growth very badly. But European political leaders appear to spend ridiculous amounts of time, energy, and political capital on the EU Consitution and similar issues rather than liberalising their economies. It's not because they don't see that changes need to come, statements from Chirac and Schroeder indicate they realize what needs to happen. The problem is either political cowardice or a lust for the power that they believe the EU Consitution will bring them or both.
Posted by: sausagegut on March 24, 2005 12:08 PMComments are Closed.